Okitipupa, Geo-Fluids Crash NASD Bourse by 0.75%

This depleted  the market capitalisation by N14 billion to N1.915 trillion from the N1.929 trillion it ended a day earlier, and the NASD Unlisted Security Index (NSI) decreased by 14.40 points to 3,315.21 points from 3,340.14 points.

Okitipupa Plc went down by N28.50 during the trading day to N256.50 per share from Tuesday’s closing value of N285.00 per share, and Geo-Fluids Plc crashed by 5 Kobo to close at N2.65 per unit versus N2.70 per unit.

There was an increase of 78.22 per cent in the volume of securities transacted to 30,026 units from the 16,848 units transacted in the previous trading day, there was a 15.59 per cent growth in the value of transactions to N3.7 million from N3.2 million, and the number of deals completed by the market participants increased by 225.00 per cent to 13 deals from the four deals recorded a day earlier.

At the close of business, Impresit Bakolori Plc was the most traded stock by volume on a year-to-date basis with 533.9 million units worth N520.9 million, the second position was occupied by Industrial and General Insurance (IGI) Plc with 70.0 million units sold for N23.8 million, and the third position was taken by Geo Fluids Plc with the sale of 44.1 million units for N89.0 million.

Also, Impresit Bakolori Plc was the most traded stock by value on a year-to-date basis with a turnover of 533.9 million units worth N520.9 million, trailed by FrieslandCampina Wamco Nigeria Plc with the sale of 13.3 million units valued at N513.9 million, and Afriland Properties Plc with 17.6 million units sold for N360.1 million